Prabhu Manesh Balachandran 4
4 · Columbia Financial, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Columbia Financial (CLBK) EVP & CIO Prabhu Balachandran Surrenders 382 Shares
What Happened
- Prabhu Manesh Balachandran, EVP & Chief Investment Officer of Columbia Financial, surrendered (disposed) 382 shares of CLBK common stock on March 6, 2026 to satisfy tax withholding obligations. The shares were valued at $18.06 each, for a total of approximately $6,899. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date and price: 2026-03-06, 382 shares at $18.06 each (total ≈ $6,899).
- Transaction type: F — payment of exercise price or tax liability (shares surrendered/withheld to cover taxes).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Relevant footnotes from the filing: F1 notes that shares held directly include shares that were previously held as Stock Awards and have since vested. The filing contains other footnotes about option and phantom-unit grants (F6–F12) that describe vesting and settlement terms but are not the direct cause of this particular disposition.
- Filing timeliness: Report filed 2026-03-10 for a 2026-03-06 transaction; this appears to be within the Form 4 two-business-day reporting window.
Context
- This was a routine tax-withholding surrender (common when awards vest or options are exercised) and does not necessarily indicate a directional view on the stock. For retail investors, purchases are typically more informative than tax-related surrenders; treat this as compensation-related administration rather than an independent sale.
Insider Transaction Report
Form 4
Prabhu Manesh Balachandran
EVP & CIO
Transactions
- Tax Payment
Common Stock
[F1]2026-03-06$18.06/sh−382$6,899→ 5,504 total
Holdings
- 545.598(indirect: By Stock-Based Deferral Plan)
Common Stock
- 1,680(indirect: By 401(k))
Common Stock
[F2] - 2,150(indirect: By ESOP)
Common Stock
- 437(indirect: By SERP)
Common Stock
- 9,690(indirect: By Stock Award II)
Common Stock
[F3] - 10,286(indirect: By Stock Award III)
Common Stock
[F4] - 11,018(indirect: By Stock Award IV)
Common Stock
[F5] - 12,985
Stock Options (right to buy)
[F6]Exercise: $20.54From: 2023-10-31Exp: 2032-10-31→ Common Stock (12,985 underlying) - 8,459
Stock Options (right to buy)
[F7]Exercise: $15.94From: 2024-05-01Exp: 2033-05-01→ Common Stock (8,459 underlying) - 8,296
Stock Options (right to buy)
[F8]Exercise: $16.49From: 2025-03-06Exp: 2034-03-06→ Common Stock (8,296 underlying) - 19,086
Stock Options (right to buy)
[F9]Exercise: $16.23From: 2026-03-03Exp: 2035-03-03→ Common Stock (19,086 underlying) - 19,545
Stock Options (right to buy)
[F10]Exercise: $18.28From: 2027-03-02Exp: 2036-03-02→ Common Stock (19,545 underlying) - 7,669(indirect: Deferred Stock Unit Plan)
Phantom Stock Unit
[F11][F12]→ Common Stock (7,669 underlying)
Footnotes (12)
- [F1]The number of shares held directly includes certain shares that were previously held by Stock Award and that have subsequently vested.
- [F10]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 2, 2027.
- [F11]One phantom stock unit is the economic equivalent of one share of CLBK Common Stock. Phantom stock units were granted under the Columbia Financial, Inc. 2026 Phantom Stock Plan and will be settled in cash upon distribution.
- [F12]On the settlement date, phantom stock units will be payable in cash. The cash value will be calculated, in accordance with the Columbia Financial, Inc. 2026 Phantom Stock Plan, based on the closing stock price of the Company's Common Stock on the determination date.
- [F2]This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to rule 16b-3(c).
- [F3]Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, 25% of which vest in three approximately equal annual installments commencing on May 1, 2024; and the remaining 75% of which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards would vest three years after the date of the Award.
- [F4]Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, 25% of which vest in three approximately equal annual installments commencing on March 6, 2025; and the remaining 75% of which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards would vest three years after the date of the Award.
- [F5]Stock Awards granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive plan, which vest upon achievement of certain specified performance-based vesting criteria, which if achieved, such Awards would vest three years after the date of the Award on March 3, 2028.
- [F6]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan are fully vested and exercisable.
- [F7]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on May 1, 2024.
- [F8]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 6, 2025.
- [F9]Stock Options granted pursuant to the Columbia Financial, Inc. 2019 Equity Incentive Plan vest in three approximately equal annual installments commencing on March 3, 2026.
Signature
/s/ Dennis E. Gibney, Power of Attorney|2026-03-10